>>By the Numbers: February 15, 2019

By the Numbers: February 15, 2019

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Labor Market Tightens with Record Job Openings

The Numbers:

  • There were 7.3 million job openings in the U.S. in December
  • This is a 2.4% increase from November and a 29.4% increase year over year
  •  Source: U.S. Bureau of Labor Statistics

One-Third of Americans Plan to Look for a New Job in 2019

The Numbers: 

  • 33% of Americans are planning to look for a new job this year
  • 48% of those are 18-34 year olds
  • 90% of those looking for a new job will do so within the first quarter of 2019
  • 54% believe it will be an easy process
  • Source: Monster Worldwide Inc.

Quick, Timely Feedback Bolsters Candidate Experience

The Numbers:

  • Candidates that receive same-day feedback are 52% more likely to continue engaging with that potential employer (reapplying, referring others, etc)
  • Those who did not receive feedback were twice as likely to end the relationship with the prospective employer
  • Source: Talent Board

Voluntary Relocation Strategic Play for Tech Talent

The Numbers:

  • 86% of recruiters and hiring managers experiencing challenges in filling tech roles
  • Tech companies looking to voluntary relocation to lure tech talent – could allow current employees to transfer to other locations, or have new hires move for a job
  • 10% of the country’s jobs are within tech employers
  • Source: Indeed

Majority of Full-Time Workers are Happy

The Numbers:

  • 88% of full-time workers in the U.S. feel they are ‘happy’ at work
  • 71% of respondents state they are ‘mostly happy’
  • 17% use the term ‘elated’ when describing their feeling while at work
  • Source: Wrike

Atlanta Tops for Telecommuters

The Numbers:

  • Top 3 cities considered by job seekers looking for telecommuting options: Atlanta, Raleigh, and Washington D.C.
  • A third of the cities listed were new on the top 20 last year.
  • Source: Indeed

A Record Number of CEOs Left Role in January

The Numbers:

  • 157 CEOs stepped down in January 2019
  • This is about a 22% increase over December’s number of 129 CEO departures
  • This is also about a 19% increase year over year from January 2018
  • Many companies looked for new leadership in a ‘strong, but uncertain’ economy, while other CEOs took roles in other companies or retired
  • Source: Challenger, Gray & Christmas

U.S. Economy Stronger Than Others

The Numbers:

  • S. economy is forecasted to have a ‘still-strong annualize growth rate’ of 2.6% in Q4 2018
  • This is down from 3.4% in Q3 2018
  • The stimulus from tax cuts and less dependency on foreign trade help to stabilize
  • Source: S. Bureau of Economic Analysis & UniCredit

Video Recruiting Expected in Future

The Numbers:

  • 75% of workers expect video will be a part of their job search in the future
  • 80% stated that a video job ad with the recruiter explaining the role would help them better understand the opportunity
  • Source: Monster
By |2019-02-14T19:27:43+00:00February 15th, 2019|Categories: Uncategorized|Comments Off on By the Numbers: February 15, 2019

About the Author:

Erin Geiger is a seasoned Content, Editorial, and Product Engagement professional with two decades of experience creating content as well as overall content direction and strategy. Her background stems from a variety of online verticals ranging from start-ups to Fortune 500 corporations.